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Additionally, on-chain metrics from IntoTheBlock show a significant correlation between the price of Ethereum and the number of large transactions. This relationship highlights how influential these large transaction volumes are to the price dynamics of. The recent decline in transaction volume, especially in April, mirrors a drop in Ethereum's price, suggesting that selling pressure from whales is having an impact.
While one significant sale does not spell doom for Ethereum, it raises some concerns about the sustainability of its current movements.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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